Essentially, the Bill clears the way for Aadhaar e-KYC, Aadhaar offline KYC, and KYC through passport or other OVDs, depending on the customer’s choice.
- Allows banks, telcos, and ISPs to do Aadhaar-based authentication; or
- Allows offline Aadhaar-based verification; or
- Allows use of passport as an OVD; or
- Use of any other valid Central Government identification as an OVD
Essentially, the Bill clears the way for Aadhaar e-KYC, Aadhaar offline KYC, and KYC through passport or other OVDs, depending on the customer’s choice.
Our legal counsel Bhavin Patel and Hemant Krishna V of Bayside Advisors give more details on the Bill and its implications.
To find out about IDfy’s Digital KYC solutions, please write to shivani@idfy.com